Despite being one of the most volatile digital assets, Shiba Inu has produced a huge gain in the past five years.

Shiba Inu ( SHIB 2.37% ) is the epitome of market speculation. Those bold and lucky enough to have gambled on the unproven cryptocurrency at its launch back in August 2020 have been wildly rewarded. However, Shiba Inu has been extremely volatile along the way.

Investors who are looking to take on more risk might be wondering if buying Shiba Inu is a smart move. Should you invest $1,000 in this meme token right now?

A house built on hype

Shiba Inu is currently the 21st most valuable crypto, with a market cap of $7 billion (as of Sept. 30). But it really serves no purpose, despite having a metaverse and layer-2 solution. The token has stayed alive for thi

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